1. India's bio-economy contributes about 4.25% to the GDP in India.
2. BioE3 promotes regenerative bio-manufacturing and supports a circular bio-economy aligned with India's net-zero goals.
Which of the statements given above is/are correct?
To determine the correctness of the statements regarding India's bio-economy and BioE3, let's analyze each statement individually:
Statement 1: "India's bio-economy contributes about 4.25% to the GDP in India."
- This statement is based on data about India's bio-economy, which includes sectors like biotechnology, pharmaceuticals, agriculture, and bio-manufacturing.
- Recent reports on India's bio-economy indicate a significant contribution to GDP, with a percentage in this range being plausible as per government reports and industry data sources.
- Thus, this statement appears to be correct.
Statement 2: "BioE3 promotes regenerative bio-manufacturing and supports a circular bio-economy aligned with India's net-zero goals."
- BioE3 is a government or industry initiative focusing on sustainable and regenerative bio-manufacturing practices, which are key for circular economy strategies.
- This aligns with the broader national efforts towards achieving net-zero emissions and sustainable growth goals.
- Hence, this statement is also accurate, given current policy directions and industry trends.
Conclusion
Both statements are correct because they accurately reflect the ongoing developments and contributions of the bio-economy in India and initiatives like BioE3.
| Option | Description |
|---|---|
| 1 only | Only statement 1 is correct. |
| 2 only | Only statement 2 is correct. |
| Both 1 and 2 | Both statements 1 and 2 are correct. |
| Neither 1 nor 2 | Neither statement 1 nor 2 is correct. |
The correct answer is Both 1 and 2.
Important Questions from Economy
The Five Year Plan was first launched in
Which of the following was/were the feature(s) of Lenin’s New Economic Policy (NEP) for the Soviet Union?
1) Private retail trading was strictly forbidden
2) Private enterprise was strictly forbidden
3) Peasants were not allowed to sell their surplus
4) To secure liquid capital, concessions were allowed to foreign capitalists, but the State retained the option of purchasing the product of such concerns
Select the correct answer using the code given below:
______ is the mark of quality for all industrial products in India.
The other name of the tertiary sector is ________.
Which of the following features of the Organised sector is NOT correct?
